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Updated about 10 years ago on . Most recent reply

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Marlene Michael
  • Investor
  • Jonesboro, GA
18
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86
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Using tax assessment to make an offer

Marlene Michael
  • Investor
  • Jonesboro, GA
Posted

Hi BP, I am really new to this, and am considering making an offer on a duplex in my area. When figuring out how much to offer, can I use the tax assessment as a somewhat valid appraisal on the current value of the house before repairs?

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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
951
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1,456
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
Replied
Originally posted by @Marlene Michael:

Hi BP, I am really new to this, and am considering making an offer on a duplex in my area. When figuring out how much to offer, can I use the tax assessment as a somewhat valid appraisal on the current value of the house before repairs?

 You're better off picking random numbers out of a hat.  

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